Boeing said it had not committed production slots for the Iranian orders of B777s and B737 MAX jetliners and would continue to “follow the U.S. government’s lead” when it comes to Iran.

What else could they say? They've always been staunch supporters of Trump, even if they stand to lose orders for more than 8 billion dollars, but that has already been compensated by lower taxes and huge tax deductions.

It's also a problem for airbus, not due to components only, but... the manufacturers working and selling in Iran could be banned form the US market

This should be a wake-up call for the european industry that is too dependent of the whims of a cl.wn.

The re-instated ban doesn't change much for the US companies as most of them haven't yet started re-trading with Iran. So it will mostly affect other countries whose companies will no longer trade with Iran, lest they'll be banned from trading with the US.

We haven't heard yet from Canada (cfr Bombardier) in this matter. The exemptions game will start soon imho.

Sukhoi Civil Aircraft said it would continue to cooperate with Iranian airlines in the framework of interim agreements on the delivery of SSJ100Rs, despite the resumption of US sanctions on Iran.

Iran expects to hear from Airbus in the coming days about the fate of an order for 100 planes that looks to have been wrecked by the US’ decision to reinstate sanctions on the country. Some deliveries could, however, still go ahead in a 90- to 180-day window allowed for winding down current business under the new US sanctions framework.

"...An ongoing dispute between the top three U.S. airlines — American Airlines, Delta Air Lines, and United Airlines — and Gulf carriers — Emirates, Etihad Airways and Qatar Airways — over alleged unfair subsidies appears to have been resolved satisfactorily, but differences in the understanding of the terms linger. On Friday evening, Americans for Fair Skies and the Fair and Open Skies Group issued statements praising President Donald J. Trump as instrumental in protecting U.S. airlines from alleged unfair competitive practices by Gulf airlines, involving claims that government subsidies allow Gulf carriers to operate loss-making routes. “As a result of President Trump’s leadership on trade enforcement to safeguard U.S. jobs, the United Arab Emirates (UAE) has agreed to end its market-distorting airline subsidies and freeze any additional new Fifth Freedom routes into the United States. This is a huge step forward in the fight for fair competition in the international aviation marketplace,” Americans for Fair Skies said in their statement. “President Trump’s leadership and deal-making savvy have now led to successful negotiations for U.S. workers with both the UAE and the State of Qatar, which was announced this past January.”

FedEx Corp. is praising the Trump Administration for “keeping America’s skies open.” David Bronczek, president and chief operating officer for Memphis-based FedEx Corp. — and the U.S. Airlines for Open Skies (USAOS) coalition — applauded the recent actions taken by the U.S. and the United Arab Emirates (UAE) to uphold the Open Skies agreement between the two countries. “FedEx strongly supports keeping America’s skies open for all business, and we commend the Trump Administration for upholding the Open Skies agreement between the U.S. and the UAE," Bronczek said in a release. "Today’s announcement ensures carriers from both countries can continue to make their own decisions about their operations, including Fifth Freedom routes, as the ability to implement new flights is vital to the future of aviation. We appreciate the State Department prioritizing consumer choice and economic growth by honoring this commitment.”

The European Union has relaunched an old law to try to protect European businesses at risk of US sanctions if they continue to trade with Iran.

What is the blocking statute?

The “blocking statute” dates from 1996 and was designed to defend companies working in Cuba from the effects of a US trade embargo. By re-introducing it now, the EU is seeking to ban firms respecting US sanctions and make related US court rulings non-effective in the EU.

The measure prevents firms from complying with non-EU sanctions laws and stops foreign court judgments based on these laws from being effective in the EU. It also asks EU member countries to impose sanctions on companies who comply with the US rules.

Why does the EU want to do this?

The EU needs to safeguard Iran’s economic benefits as well as its own, in order to keep Tehran in the 2015 international nuclear deal and prevent its collapse. Iran has warned that a loss of EU business will force it to pull out of the accord, under which it agreed to stop enriching uranium in return for greater trade with the West. The decision follows US President Donald Trump’s decision to withdraw from the treaty– and penalise companies that carry on doing business with Iran.

Brussels also needs to prove that Washington cannot dictate how European businesses operate.

The European Commission said on Friday that it had "launched the formal process to activate the Blocking Statute by updating the list of US sanctions on Iran falling within its scope. Unless it is formally rejected by the European Parliament and EU governments, the measure will come into force within two months, and can be activated sooner if there is strong political support.

“The American sanctions will not be without effect. So we have the duty, the Commission and the European Union, to do what we can to protect our European businesses,” Commission President Jean-Claude Juncker said in a statement.

What action are Europe's businesses taking?

Privately, some European leaders acknowledge the scope for effective action is limited.

However, there are signs that European and multinational businesses – faced with a choice between cutting ties with Iran and jeopardising operations in the world’s biggest economy, the United States – are opting for the former.

Source: Euronews

The last sentence is especially important for Airbus and ATR. Not sure how they will react. Total, for example, has already announced that it is withdrawing from a project in Iran to maintain good relations with the U.S.

Iran will pursue the cancellation of the Boeing agreement through international, legal and judicial tribunals after Boeing stated it would not fulfil a multi-billion-dollar contract to sell jets to the national carrier Iran Air.

Boeing, until now a staunch supporter of Trump, might want to reconsider. It is concerned about the impact of possible trade tariffs on the cost of running its supply chain, but has not yet seen any impact from US – Chinese trade tensions on its business, said CEO Dennis Muilenburg.

IranAir says to get 5 more ATR regional turboprop planes before US sanctions come into force. Unless Trump comes to an agreement with "Chairman Rohani" like he did with "Chairman Kim" (who, incidentally, continues to build up nukes despite the deal with Trump).

Trump and Erdogan, two presidents with a big ego, have entered into a bitter row. What has this to do with aviation? Turkish Airlines (which was praising Erdogan in leaflets distributed on board after the failed coup d'état) has stopped advertising in the US...

A neutral company would, on the contrary, advertise heavily how cheap Turkey has become after the devaluation of its money caused by the tweets of Trump!

Trump and Erdogan, two presidents with a big ego, have entered into a bitter row. What has this to do with aviation? Turkish Airlines (which was praising Erdogan in leaflets distributed on board after the failed coup d'état) has stopped advertising in the US...

A neutral company would, on the contrary, advertise heavily how cheap Turkey has become after the devaluation of its money caused by the tweets of Trump!

TK is the official company of the Turkish dictatorship, dictatorship no worse than other secular or theocratic dictatorships ... I personally avoid.

A neutral company would, on the contrary, advertise heavily how cheap Turkey has become after the devaluation of its money caused by the tweets of Trump!

It's not caused by some tweets: it's caused by months of ongoing stupidity from Erdogan, mainly his refusal to raise local intrest rates. As a result, the Türkish Lira has lost almost 50% against the USD during the past 12 months. And to make it worse, the minister of Finance, Berat Albayrak, is unable to resist to Erdogan because Erdogan is his father-in-law.